McGlone Corporation had a 1/1/10 balance in the Allowance for Doubtful Accounts of \$15,000. During 2010 , it wrote off $10,800 of accounts and collected $3,150 on accounts previously written off. The balance in Accounts Receivable was $300,000 at 1/1 and $360,000 at 12/31. At 12/31/10, McGlone estimates that 5% of accounts receivable will prove to be uncollectible. What should McGlone report as its Allowance for Doubtful Accounts at 12/31/10? $7,200. $7,350. $10,350. $18,000